XRP Entering Final Elliott Wave Phase
According to multiple crypto analysts, XRP appears to be entering the fifth and final wave of its current Elliott Wave cycle—a stage typically marked by strong bullish momentum.
📈 Technical Overview
XRP is currently trading around $2.42 and is nearing critical resistance levels. A confirmed breakout above $2.60 could signal the beginning of Wave 5, with potential targets ranging from $3.55 to $3.70.
The asset has been consolidating within a symmetrical triangle pattern, suggesting a buildup of pressure that could lead to a significant price breakout.
🔮 Price Targets & Market Outlook
Short-Term: A breakout above $2.60 may push XRP toward $3.55–$3.70.
Mid-Term: Projections extend to $5–$6, assuming continued momentum and favorable market conditions.
Long-Term: In highly bullish scenarios, XRP could reach $12 or higher, influenced by broader market trends and adoption.
⚠️ Key Factors to Watch
Resistance: The $2.60 level is a crucial resistance that must be broken to confirm a bullish breakout.
Support: If upward momentum fades, XRP may find support near $2.27.
Market Sentiment: Regulatory developments—such as potential approval of an XRP ETF—could play a major role in driving future price action.
While indicators point toward the start of Wave 5, close monitoring of market patterns and resistance breakouts will be essential for confirming XRP’s next move.
